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Understanding Money

Authored by Alyssa Sineus

Business

10th Grade

Used 2+ times

Understanding Money
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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is money?

A type of good

Anything that is acceptable in exchange for goods or services

A form of barter

Only coins and bills

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason money must be durable?

To be easily transported

To withstand physical wear and tear

To maintain a stable value

To be universally accepted

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following characteristics of money allows it to be broken down into smaller denominations?

Acceptable

Divisible

Portable

Uniformed

4.

OPEN ENDED QUESTION

3 mins • 1 pt

List three characteristics of money and explain why each is important.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain the function of money as a 'Medium of Exchange.'

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

Match the characteristics or functions of money on the left with their correct descriptions on the right by writing the letter in the blank.

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